Parashift/Insurance/Application & Underwriting
Insurance · Use-Case

Making application and underwriting dossiers decision-ready.

New applications arrive with an application form, health questionnaire, vehicle registration, credit check, and proof of identity, often ten or more separate documents per dossier. Parashift separates, classifies, and extracts every document in structured form, and hands off a complete underwriting dossier straight to your core system.

VAG · FINMA outsourcing-compliant EU AI Act Art. 6(3) C5 · SOC 2 · ISO 27001
Application dossier · Life & health
ApplicantMeier, Simon
Sum insuredCHF 250,000
Health questionnairecaptured
Dossier complete
6/6
PaxCSS VersicherungOrion
The process today

One dossier, ten documents, one handler.

Application dossiers consist of an application form, health questionnaire, vehicle registration, credit check, and proof of identity, each of which has to be checked and captured individually before the underwriter can make a risk assessment. Manually separating and first-pass-capturing these multi-document dossiers ties up time that should go into the actual risk review.

Document list

What Parashift recognizes in every application dossier.

Every individual document in the dossier is separated, classified, and captured in structured form, ready for the underwriter's risk review.

Application form

ApplicantProductSum insuredDate

Health questionnaire (life & health)

Pre-existing conditionsMedicationBMISignature

Vehicle registration document

Registration no.OwnerVehicle typeFirst registration

Credit / debt collection report

Report dateEntriesCredit rating

Proof of identity (passport/ID)

NameDate of birthDocument no.Validity

Prior insurance / no-claims proof

Prior insurerClaims historyTerm
Process

From application to underwriter.

01 · CAPTURE

Dossier via post, portal, broker

Application dossiers arrive as a single bulk scan or as separate documents across every channel.

02 · SEPARATION & CLASSIFICATION

Every document in the dossier

Document AI automatically splits bulk scans and assigns each document to its type.

03 · EXTRACTION

Risk-relevant fields

All credit, health, and identity-relevant data is captured in structured form.

04 · HAND-OFF

Core system & underwriter

The underwriter receives a complete, validated dossier for the risk decision.

Target systems

Integrates with your application and core systems.

Low-code connection via documented REST APIs, without replacing existing infrastructure.

GuidewireAdcubumSAPmsg.GlobalInsiders SolutionIn-house builds

Compliance:

VAG outsourcing requirements (FINMA) DORA, in force since Jan 17, 2025 EU AI Act Art. 6(3) (ancillary procedural task) C5 · SOC 2 · ISO 27001
Impact

What changes for your underwriting team.

90%

less manual first-pass capture per application dossier

1 day

to a productive pilot in your underwriting team

One use case among many for insurance.

Claims processing, claims settlement, and broker correspondence follow the same principle: read, validate, hand off to the core system.

All use cases for insurance →
Frequently asked

Application and underwriting, answered briefly.

What does an application dossier contain?
Application form, health questionnaire for personal lines, vehicle registration, credit and debt-collection reports, identity document and prior-insurance records. Parashift splits the submitted bundle into its individual documents.
Does Parashift detect an incomplete dossier?
Yes. Because each document type is classified separately, the file can be checked against a required-document list per product. Missing items surface before underwriting, not after.
How is health data handled?
Health questionnaires are especially sensitive. The processing location can be set to data centres in Switzerland or the EU, with an access log per document and defined retention periods.
Does the risk decision stay with the underwriter?
Yes. Parashift supplies structured data and flags gaps. The decision stays with your underwriting team, which matches the classification under EU AI Act Art. 6(3).
How does the data reach the policy administration system?
Through the API or a file handover. Each dossier comes back as a structured record with document type, fields and page reference.
How long does implementation take?
Expect a few weeks per product line: align document types, define the required-document list, connect, run in parallel.

Make application dossiers decision-ready, automatically.

Book a free 30-minute briefing: we'll show you how a complete application dossier is processed using real sample documents.

Reply the same business day · no sales pressure